Analysis

CO-OP's new spending data indicates a short-term desire for members to spend as they did in pre-COVID days.

Card-not-present alternatives continue showing growth of 48% with debit card transactions.

New survey by Michael Moebs finds overdraft volume is down at banks but up at credit unions.

PSCU data shows card-not-present and debit card CNP volumes had their 12th consecutive week of growth above 30%.

A white paper by Safe Systems finds that cyber threats have been keeping credit union leaders up at night.

A PSCU official is "encouraged with these phenomenal rates of growth in debit" but doesn't expect it to continue at this rate.